In a major shake-up to Santa Barbara’s commercial real estate scene, three top brokers from Radius Group are leaving to form a new entity.

Austin Herlihy, Chris Parker and Miles Waters will launch the Santa Barbara office of Colliers, an international publicly traded company.

“Our entry into Santa Barbara marks the latest milestone in our continued growth across the region, and investing in this dynamic team who embody our enterprising culture will allow us to create substantial business value,” said Ricardo Pacheco, managing director and market leader for Colliers’ Santa Barbara and Los Angeles offices. “Establishing our local presence unlocks new potential for the market, offering clients access to Colliers’ global reach and expertise to drive solutions at scale.”

The trio has more than 40 years of combined industry experience, and have “established a reputation as one of the region’s most productive and respected teams,” according to a news release.

They collectively specialize in the sales and leasing of office, retail, hotel, industrial, land, and multi-family assets across the Central Coast.

The team has built a client portfolio including Global Mutual, RAF Pacifica,  Eastern Real Estate, Stone Park Capital, Woodridge Capital, and Dansk Investment Group. Completing over $2 billion in total transaction value, their expansive portfolio includes the notable sales of the Fairmont Orchid Hotel, the Hotel Californian, the Amazon building on State Street, the QAD Campus, and Funk Zone Bakery Block, according to a news release.

“The launch of this office represents a significant step in Colliers’ broader strategy to expand our West Coast footprint with top-tier talent,” said David Josker, president of the U.S. West Region Brokerage. “Austin, Chris, and Miles bring unparalleled expertise and deep local ties that will immediately enhance our client offerings and solidify our presence along California’s coastline—driving new investment and brokerage opportunities well beyond the region.”

Herlihy will serve as executive vice president, and Parker and Waters will serve as vice presidents. They will operate from the firm’s new office at 314 E. Carrillo St. in downtown Santa Barbara.

“We are excited to embark on this new chapter with Colliers, bringing their top-tier advisory platform and comprehensive in-house services to our clients and the local market,” Herlihy said in a statement. “Colliers provides essential services that have been lacking in our market. With a strong local team and a powerful national and international network, we can now support every aspect of commercial real estate.”